The Question Is Whether To Buy Or Not To Buy PBF Energy Inc (NYSE: PBF)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. The stock was recently discussed on Yahoo Finance as it revealed that PBF Energy Reports Fourth Quarter and Full Year 2023 Results, Declares Dividend of $0.25 per Share and Announces Increased Share Repurchase Authorization.

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Stocks Info

PBF Energy Inc is listed on the NYSE as a member of the Energy sector and is a part of the Oil & Gas Refining & Marketing industry. The current market capitalization of PBF Energy Inc is $5.76B. A total of 1.59 million shares were traded on the day, compared to an average of 2.37M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, PBF has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 28 BUYs and 23 SELLs from insiders. Insiders purchased 556,208 shares during that period but sold 250,146.

In the most recent transaction, Control Empresarial de Capital bought 12,200 shares of PBF for 43.86 per share on Jan 24. After the transaction, the Add’l Rep. Persons-see Ex.99-1 now owns 14,345,198 company shares. In a previous transaction on Jan 17, Control Empresarial de Capital bought 500,000 shares at 41.57 per share. PBF shares that Add’l Rep. Persons-see Ex.99-1 owns now total 14,332,998.

Among the insiders who bought shares, Control Empresarial de Capital acquired of 770,000 shares on Jan 16 at a per-share price of $42.95. This resulted in the Add’l Rep. Persons-see Ex.99-1 holding 13,832,998 shares of PBF after the transaction. In another insider transaction, Control Empresarial de Capital bought 486,000 shares at $42.48 per share on Jan 12. Company shares held by the Add’l Rep. Persons-see Ex.99-1 now total 13,062,998.

Dividend

It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. PBF Energy Inc pays an annual dividend of $0.85, resulting in a dividend yield of 1.76%, and it has a price to earnings (P/E) ratio of 2.93. PBF’s most recent ex-dividend date was 2/28/2024 when it declared a $0.25 quarterly dividend that was paid in cash on 3/14/2024. Previously, the company paid the dividend on 11/30/2023 with an ex-dividend date of 11/14/2023. The PBF stock dividend was $0.25 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for PBF in the last 3 months, the mean price target is $50.43 with high estimates of $64.00 and low estimates of $39.00. In terms of 52-week highs and lows, PBF has a high of $56.38 and a low of $31.25.

As of this writing, PBF has an earnings estimate of $0.42 per share for the current quarter. EPS was calculated based on a consensus of 9 estimates, with a high estimate of $1.01 per share and a lower estimate of -$0.35. The company reported an EPS of $6.61 in the last quarter, which was 36.60% higher than expectations of $4.84.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. PBF’s latest balance sheet shows that the firm has $1.34B in Cash & Short Term Investments as of fiscal 2021. There were $5.01B in debt and $3.76B in liabilities at the time. Its Book Value Per Share was $53.87, while its Total Shareholder’s Equity was $2.53B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for PBF is Buy with a score of 3.62.

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